Northern Minerals Bolsters Cash Reserves with Major Equity Raise Despite Ongoing Operating Outflows

Northern Minerals Limited ( (AU:NTU) ) has shared an announcement.

Northern Minerals Limited reported a significant operating cash outflow of A$10.0 million for the December 2025 quarter, driven by exploration and evaluation spending, site maintenance and environment-related costs, staff expenses, and administration and corporate outlays, partially offset by interest income. Investing cash flows were minimal, with effectively no major capital or tenement acquisitions in the period, while the company undertook substantial financing activities, raising A$60.5 million through equity issuance and using part of the proceeds to repay A$15.1 million in borrowings and cover transaction costs. As a result, despite persistent negative operating cash flows, Northern Minerals ended the quarter with a markedly stronger cash position, highlighting its reliance on capital markets to fund operations and maintain financial flexibility as it advances its exploration and development agenda.

The most recent analyst rating on (AU:NTU) stock is a Hold with a A$0.04 price target. To see the full list of analyst forecasts on Northern Minerals Limited stock, see the AU:NTU Stock Forecast page.

More about Northern Minerals Limited

Northern Minerals Limited is an Australian mining exploration entity focused on developing mineral resources, operating within the broader resources sector and reporting under ASX disclosure requirements. The company’s activities encompass exploration, evaluation, site maintenance and development, supported by periodic equity raisings to fund ongoing project work and corporate operations.

Average Trading Volume: 32,744,770

Technical Sentiment Signal: Sell

Current Market Cap: A$334M

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